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#1
08-14-2007, 01:32 PM
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Shorted EXPD
Just 100 sh @ $46.71. I expect this stock to drop another dollar or so bringing it closer to the 50 day SMA before rebounding.
Not a recommendation, just a gut feeling. That's why I went with a smaller position. 
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#2
08-14-2007, 01:36 PM
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keep a close eye if it starts testing 46.95, could run a little there if you are daytrading it. If it is for a hold, look at the 6 month chart below, it had support around the 46.50 to 46.70ish range. The stock broke out of resistance on Aug7th, which is now support and support is around the levels above. Look at yesterday when it tested support, it bounced right off it and the low was 46.87. Just something to keep in mind.
http://finance.yahoo.com/charts#char...urce=undefined
__________________
Its all about the U 2011-12 NBA: 132-99-5 2012 NBA Playoffs: 34-31-1 Last edited by whodi; 08-14-2007 at 01:43 PM.
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#3
08-15-2007, 01:52 PM
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Limit cover hit @ $45.71 earlier today for a $100 gain.
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#4
08-15-2007, 01:56 PM
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Gj
__________________
Its all about the U 2011-12 NBA: 132-99-5 2012 NBA Playoffs: 34-31-1
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